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CirTran Corp

cirtran.com

What Do They Do?

Manufactures and distributes HUSTLER-branded tobacco products, including electronic cigarettes, cigars and hookah tobacco, for retailers and other distribution-chain buyers.

How Do They Make Money?

It earns from product design services and product sales; product buyers pay in advance or on 30-60 day terms, and it charges for administrative services each month.

revenue
SegmentShareRevenue
Tobacco Line
Sold outright

94%
All Other Product Line
6.1%

Who Are Their Customers?

CirTran can deal directly with distribution-chain participants; HUSTLER-branded products also go through retailers, pharmacies, convenience stores, casinos and nightclubs, direct-response channels, and licensee websites.

Do Revenues Turn Into Profits?

No. It lost $701.6K in FY2025.

Operating income, FY2025
−4% of revenue
▼ −76% (Loss) vs FY2024 (−$550.7K, −42%)
Net income, FY2025
−22% of revenue
▼ −73% (Loss) vs FY2024 (−$2.6M, −203%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +596%
vs $168.4K in Q2 FY2025
Net income
▼ −81% (Loss)
vs −$562.8K in Q2 FY2025

Flat. Revenue was $3.1M in FY2025, about the same as the $2.9M of FY2021.

Revenue over time
Tobacco Line All Other Product Line
$5M$2.5M$0

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